This Week in Fintech (3/27)

Hello Fintech Friends,
Welcome to a (slightly slower-than-usual) week of fintech M&A!

Please find another week of fintech exits below.

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☯️ Exits
💻 IPOs & SPACs
- Indonesian superapp builder GoTo Group raised about $1.1 billion in its IPO.
- Japanese crypto exchange Coincheck announced that it will list on the Nasdaq via a merger with the SPAC Thunder Bridge Capital Partners IV at a $1.25 billion valuation.
🤝 M&A - Fintech
- Apple quietly acquired UK open banking credit underwriting startup Credit Kudos for $150 million, likely to help expand its Apple Card in the country.
- Validus, a Singaporean small business lending fintech, will acquire Citibank’s Singaporean business loan portfolio.
- Crypto exchange Blockchain.com announced that it will acquire Altonomy’s over-the-counter trading desk.
- Neobank Chetwood Financial acquired its core banking provider Yobota.
🏦 M&A - Bank and FinServ
- Uruguay’s Banco Itaú will acquire 30% ownership of Uruguayan fintech companies Prex and Paigo. Prex offers digital financial services to 1 million clients across Argentina, Uruguay, and Peru, while Paigo provides financial services for the unbanked.
- The London Stock Exchange Group will sell its $1 billion BETA+ wealth assets to a consortium of private equity investors.
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🌎 Fintech Around the World
Demystifying the Indian BNPL market
Indian tax officials say crypto profits are like lottery wins
📚 Deeper Reads
Big Tech and fintechs extend grip on financial services
Banks Can Trump Fintech as Zero-Rate Era Ends (remember high-APY accounts?)
Will Banks Overtake Fintechs As Interest Rates Rise? Don’t Bet On It
We desperately need to disrupt our approach to retirement saving
Why Build, rent what you need – PaaS, the New Normal in Payments
Why did Apple buy Credit Kudos? Here are 3 possibilities…
Why is the Marshall Islands betting on a decentralized future?
Sign of the times: Klarna lets you pay for gas in installments
The southern Minnesota gophers are out this spring!
Have a news item for us? Reach out to news@thisweekinfintech.com.
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